AKWEL: 2021 TURNOVER TOTALS €922.4 MILLION
Thursday 10 February 2022
2021 TURNOVER TOTALS €922.4 MILLION
PARIS, Feb 14 (Bernama-GLOBE NEWSWIRE) -- AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted consolidated turnover of €922.4m in 2021, up +2.8% comparing like-for-like figures.
Consolidated turnover
Over the 2021 financial year as a whole, which was characterised both by an upturn in activity following the 2020 crisis and by a major lack of visibility regarding supply, which disrupted its manufacturer clients’ production, AKWEL recorded growth of 2.8% when comparing like-for-like figures.
Products & Functions turnover reached €882.0m in 2021, with slight growth experienced in Cooling activities (+2.5%), and Mechanisms (+1.9%). Tooling turnover stood at €30.7m, down by -27.3% after two atypical financial years in 2019 and 2020.
Net cash excluding lease obligations reach €108.3m by financial year end, an increase of €47.7m over the year.
In a context of high volatility in terms of manufacturers’ production levels, AKWEL has succeeded in keeping up with its clients’ demand. Supply limitations will weigh on the current operating income for 2021, expected to have fallen by around 35% for a similar level of margin to the 2018 and 2019 financial years.
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